Apple and Amazon have ignited interest in technology exchange traded funds ETFs). Thanks to Amazon (AMZN), Internet HOLDRs (HHH) was up 7.8% for the week. Apple (AAPL) went up 3.7% on a great earnings report and sparked new interest in the tech sector. Carl Delfeld of Chartwell Advisors says most technology ETFs are market-cap weighted and usually favor the big names. A different approach to technology is the Rydex Equal-Weight Technology (RYT) that came out last November. The annual expense ratio is 0.50% with 75 stocks that mimic the S&P equal-weight technology index.
Read the disclosure, as Tom Lydon is a board member of Rydex Funds.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.